Murchison AreaEconomic profile
Skip to content

Murchison Area

Gross product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

The Murchison Area's Gross Regional Product was $2,032m as of the 30th June 2017.

The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2002.

Gross Regional Product
Gross Regional Product 2017, Murchison Area: $2,032 million 2016, Murchison Area: $1,982 million 2015, Murchison Area: $2,064 million 2014, Murchison Area: $2,010 million 2013, Murchison Area: $2,054 million 2012, Murchison Area: $2,156 million 2011, Murchison Area: $2,071 million 2010, Murchison Area: $2,093 million 2009, Murchison Area: $2,070 million 2008, Murchison Area: $1,903 million 2007, Murchison Area: $1,775 million 2006, Murchison Area: $1,707 million 2005, Murchison Area: $1,626 million 2004, Murchison Area: $1,593 million 2003, Murchison Area: $1,496 million 2002, Murchison Area: $1,513 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2017, Tasmania: 141.6% 2016, Tasmania: 137.8% 2015, Tasmania: 137.8% 2014, Tasmania: 134.7% 2013, Tasmania: 132.4% 2012, Tasmania: 132.4% 2011, Tasmania: 132.1% 2010, Tasmania: 130.4% 2009, Tasmania: 129.4% 2008, Tasmania: 127.5% 2007, Tasmania: 124.1% 2006, Tasmania: 120.5% 2005, Tasmania: 115.3% 2004, Tasmania: 112.8% 2003, Tasmania: 105.6% 2002, Tasmania: 105.8% 2001, Tasmania: 100.0% 2017, Murchison Area: 141.0% 2016, Murchison Area: 137.5% 2015, Murchison Area: 143.2% 2014, Murchison Area: 139.5% 2013, Murchison Area: 142.5% 2012, Murchison Area: 149.6% 2011, Murchison Area: 143.7% 2010, Murchison Area: 145.2% 2009, Murchison Area: 143.6% 2008, Murchison Area: 132.1% 2007, Murchison Area: 123.1% 2006, Murchison Area: 118.4% 2005, Murchison Area: 112.8% 2004, Murchison Area: 110.5% 2003, Murchison Area: 103.8% 2002, Murchison Area: 105.0% 2001, Murchison Area: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
Murchison AreaTasmania
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeMurchison Area as a % of Tasmania
20172,032+2.5141.029,125+2.7141.66.98
20161,982-4.0137.528,3540137.86.99
20152,064+2.7143.228,344+2.3137.87.28
20142,010-2.1139.527,717+1.8134.77.25
20132,054-4.8142.527,2320132.47.54
20122,156+4.1149.627,229+0.2132.47.92
20112,071-1.1143.727,175+1.3132.17.62
20102,093+1.1145.226,820+0.7130.47.80
20092,070+8.7143.626,624+1.5129.47.77
20081,903+7.2132.126,229+2.7127.57.26
20071,775+4.0123.125,534+3.0124.16.95
20061,707+5.0118.424,781+4.5120.56.89
20051,626+2.0112.823,719+2.2115.36.85
20041,593+6.5110.523,204+6.8112.86.87
20031,496-1.1103.821,723-0.2105.66.89
20021,513+5.0105.021,757+5.8105.86.96
20011,441--100.020,570--100.07.01

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts

Data are based on a 2015-16 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2017, Average annual growth rate: 1.9% 2016, Average annual growth rate: 1.9% 2015, Average annual growth rate: 1.9% 2014, Average annual growth rate: 1.9% 2013, Average annual growth rate: 1.9% 2012, Average annual growth rate: 1.9% 2011, Average annual growth rate: 1.9% 2010, Average annual growth rate: 1.9% 2009, Average annual growth rate: 1.9% 2008, Average annual growth rate: 1.9% 2007, Average annual growth rate: 1.9% 2006, Average annual growth rate: 1.9% 2005, Average annual growth rate: 1.9% 2004, Average annual growth rate: 1.9% 2003, Average annual growth rate: 1.9% 2017, Tasmania: 2.7% 2016, Tasmania: 0.0% 2015, Tasmania: 2.3% 2014, Tasmania: 1.8% 2013, Tasmania: 0.0% 2012, Tasmania: 0.2% 2011, Tasmania: 1.3% 2010, Tasmania: 0.7% 2009, Tasmania: 1.5% 2008, Tasmania: 2.7% 2007, Tasmania: 3.0% 2006, Tasmania: 4.5% 2005, Tasmania: 2.2% 2004, Tasmania: 6.8% 2003, Tasmania: -0.2% 2017, Murchison Area: 2.5% 2016, Murchison Area: -4.0% 2015, Murchison Area: 2.7% 2014, Murchison Area: -2.1% 2013, Murchison Area: -4.8% 2012, Murchison Area: 4.1% 2011, Murchison Area: -1.1% 2010, Murchison Area: 1.1% 2009, Murchison Area: 8.7% 2008, Murchison Area: 7.2% 2007, Murchison Area: 4.0% 2006, Murchison Area: 5.0% 2005, Murchison Area: 2.0% 2004, Murchison Area: 6.5% 2003, Murchison Area: -1.1%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
v18.07.11-1.0.0